Wednesday, September 18, 2013

Raghuram Rajan may not unveil any 'gamechanger' policy, says Stanchart

.................A complete reversal of liquidity-tightening measures on 20 September looks unlikely to us. While the Indian rupee's 7.6% appreciation from 3-16 September is encouraging, the RBI might prefer to wait longer for confirmation of sustained currency stability – a factor that has been emphasised as a key determinant of such a reversal............

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